Silver BananaTopicReplies
+1
Is it reasonable to include a section about a company's management for a equity research paper for a school project?I have a 7 page max limit, I was wondering if an 'analysis' of some sorts would be beneficial or is it just silly? For example, history of the current CEO, track record, etc. It wouldn't be too long, maybe 0.25 pages. Thoughts?...
5
+1
Simple Industry Data (Retail Market of Coffee) for ER reportHello, I am in the middle of data mining to write my first ER report, in this case for Starbucks. I picked a simple company that is easy to understand, and so far have gone through the 10k, one quarterly, some outside ER reports, some yahoo finance/WSJ financials. I was wondering if someone could p...
3
Barclays Capital - Interview - Equity ResearchPitch me a stock [long and short]. There were some hard follow up questions on these. Additionally there were questions about what is going on the in the market, what sectors are strong currently, some mention of jobs data, and then overall what specifically Equity Research is and why I am intereste...
+1
Question on Credit Suisse HOLTI have an interview with CS for a HOLT Sector Specialist position this Friday (lateral from IB). I've read all the related posts on this forum and from my understanding, it serves as a complementary function to ER and also deals with interacting with investors on valuation based on CFROI and HOLT's ...
1
+3
Full Time Job, Part-Time Master’s Degree, and CFA at same timeHi all – looking for some feedback to see if anyone has attempted this, has been successful or recommends working full-time, studying part-time for a master’s degree, and pursuing the CFA at the same time. From what I gather, most people work full time and do the CFA….and do a full time mas...
13
Moelis & Company - Review - Equity ResearchFriendly and helpful colleagues Good location being middle of CBD Great leaning experience with modeling and financial analysis. No training offered, you are expected to know your stuff Hours are not very flexible, but much better hours compared with IBD ...
Guggenheim Partners - Interview - N/AThe interview questions were mostly around the pitch. The interviewer (lead analyst) went into a lot more detail than i was expecting, and grilled me on a small part of the business. The interview was more around Q&A rather than anything else. With the other more junior members of the team, it had ...
0
BAML Global Research InternshipLast week I had a 1st round interview (HireVue) with BAML for a Global Research Summer Analyst position. I'm wondering, has anyone that has taken it as well heard back from them yet?...
3
Fidelity Investments - Interview - Asset ManagementHad me describe process of DCF using Excel. Job was related to data analysis so also asked several questions about my background knowledge and proficiency with Excel and SQL. I didn't have much background in SQL so I was asked generic questions about database management. Was asked the particulars of...
Susquehanna International Group - Interview - Equity ResearchLots of math questions. Better have a good answer for why you fit in well and want to do ER. No difficult questions persay but some of the higher level people do try and rattle you up a bit to see how you react under those circumstances. Have stock pitches ready but almost undoubtedly you will get i...
T. Rowe Price - Review - Equity ResearchVery intellectually stimulating work. Working with brilliant people who become industry experts and are highly respected by the sell side. Very collaborative environment. . Baltimore is meh. Great place to raise a family but if you're a young professional it's not the best social scene. The flip sid...
+2
Looking to start an equity research firmQuick Introduction: I've visited WSO on and off over the years, I'm a Actuarial Science Grad however I've trained as a chartered financial accountant within the private equity and Asset Management space. My true passion is equity and investment research with a gearing towards both Value and Tech/Gr...
12
0
Preparing for a strategy roleI've accepted an offer to join a small sell-side team working for the head of regional equity strategy. I have worked in equity research (not strategy) a few years back and will be rejoining the industry after a brief career change. I have a month or two before starting - what is the best way to pre...
0
Morningstar - Interview - Equity Capital Marketsresearch a company and its stock.Present your findings in the form of a recommendation for the company? I prepared a research report that mirrored Nike's research ,including a company description, an "economic moat" analysis, fundamental analysis according to its financial statement .Also, calcula...
Roth Capital Partners - Review - Equity Capital MarketsGreat learning experience where team was willing to help the interns learn Great learning experience and industry analysis. . There is no growth for interns for a full time position. Work for a long time but limited learning possibilities. ...
Credit Suisse - Review - GeneralistVery much amazing atmosphere, great colleagues and always good support from superiors. Would definitely recommend working there! . Sometimes its hard to understand who gets promoted and who doesnt. It doesnt always feel like its justified the way they do tings. ...
Strategas Research Partners - Interview - MacroNothing too difficult and nothing out of the ordinary. The skills test was unexpected but that was to make sure i was proficient in excel and that i can do the work. The interview was mostly fit and why i was interested in the position. Questions such as why i am the right candidate for the role and...
Stifel Nicolaus and Company, Inc - Interview - GeneralistThis was for their equity research division. The Managing director had us sit through an earnings call and then asked for our thoughts on the call. We then went into one on one interviews with 5 members. They asked typical banking questions, why Research as opposed to investment banking. Asked us co...
0
Networking for Emerging Market AnalystsI work as a research analyst in EM. Given the growth of emerging markets and the difficulty in networking across countries, I thought I should create a whatsapp group to make the process easier. Reach me if you're interested....
1
Tudor Pickering Holt and Co - Review - Equity ResearchGood equity research experience and ability to get good work. Able to get responsibility from early on.. Equity research is dying, and the energy industry is doing terrible right now. Firm securities division not performing....
Standard and Poors - Review - Credit RiskThe work is interesting and the work life balance is really great.. Very typical hours and not much to complain about. . Not much room for exit opportunities. The company really wants you to stay with them long term so they want you to take the CFA. ...
T. Rowe Price - Interview - Equity ResearchThere were not unexpected interview questions. It was a pretty standard interview process for and Equity Associate position. The interview started by asking me to walk through my resume. They I was asked why I wanted to work for the company and what interested me in the position. Finally, I was aske...
0
Is an internship important for equity research?I know an internship after junior year is essential to get an ibanking job after college, but is it the same for equity research? I'm currently a sophomore and want to get into equity research and am wondering if I should get an internship. If so, is it fine if I do it this summer or should I wait u...
1
+33
Top 5 Stupidest Publicly Traded Companies I was screening for new l/s ideas yesterday and forgot to filter market cap. Some hilarity ensued, and having a minute this morning, I figured I would share this collection of monkey shit. Yes, these are/were real companies and you can look them up on Cap IQ if you want. **5. Reality Racing (OTCPK...
55
+3
Analyzing bank stocksHello, I am an equity research analyst in a boutique sell-side research firm. I focus on generating and working on general short ideas. However, until now, I have not had a chance to analyze a publicly traded bank stock. Any recommendation on what books to buy to analyze bank stocks? I bought few a...
11
0
Equity Research interview with no finance backgroundHey everyone, my first post here. I'm a medical doctor transitioning (or trying) to biotech equity research. Any tips on doing a deep clinical trial analysis and writing an update from a press release? The MD knows I have virtually no finance background, with him telling me it can be taught. ...
1
0
Can someone please send me a sample financial model?? (Tech-related if possible would be great!)Hey everyone, I was wondering if anyone could send me a financial model template (if you have one of a tech company, that would be great as well!). I'm an undergraduate student trying to learn how to model companies. I would be extremely grateful if you guys can comment a template below or PM me! ...
4
0
Second Interview Equity Research AssociateI have my second round interview for an equity research associate - real estate position next week which is a 2 hr interview. 1 hr VP and 1 hr test. I believe the test to be modelling which I am comfortable with. However, I work in private markets and this is equity research= public markets, I worry...
1
0
Relationships with industry expertsI have 20+ years of semiconductor industry experience (R&D, corporate planning, corporate strategy) at leading semiconductor companies. Given my experience, a few experts networks have reached out to me and I have done a few calls with clients interested in knowing more about industry trends. (The...
2
Evercore - Interview - Equity ResearchNothing really unexpected. It was a first-round interview, so the interviewer followed the usual procedure of asking why firm, why that specific department, fit questions. No brainteasers. Asked a few easy probability questions. He then asked if I had any specific team on mind, which kind of caught ...
Fidelity Investments - Interview - Equity ResearchAsked if I was recruiting at any other firms. This was very early, maybe second half of August and I didn't have interviews at any other firms at the time. Was asked specific details about the retail industry because the interviewer wanted to gauge how strong my knowledge of the industry was after ...
+9
2017 ER BonusesWe are nearing that fateful time of year when numbers discussions take place. There are already a couple of these out there for IBD/S&T so let's round it out with ER. Let's keep this pretty simple and straightforward: Bank: BB/MM/EB/etc. Bonus: in USD. Also denote whether or not it's a stub. Base:...
59
+1
Study material for equity research job?Looking for equity research interview prep material any other tips for breaking into this role, what they are looking for etc...
3
Deutsche Bank - Interview - Quantitative ResearchThis position involved a lot of machine-learning experience, so: - Can you describe 'word2Vec' algorithm? - Can you explain how Neural-Network work? - What makes deep-learning "deep"? More equity questions: - How do you compute the value factor? - What is a Z-score? - What bias is introduced if yo...
0
Choosing between offers: ER vs valuationsSo I'm in a fortunate position post-MBA where I'm in the final round about to receive offers from a few different places. I have the option to become an equity research associate at two different banks working for well regarded analysts, both who've gotten great exit opps for their associates, eith...
3
+4
Equity Research Interview questionsOn short notice I have an interview with an analyst and an associate on thursday for an associate position. Can anyone give me a heads up on what will likely be asked? Will this be a fit interview or more technical based questions and if anyone can give an example as to what level of depth the tec...
163
0
What do you mean by Equity side and Credit Side?If you are saying an investor a equity side or credit side investor, dose it simply means sell and buy side?...
2
0
Jefferies Equity Research Summer InterviewI have an upcoming first round phone interview with Jefferies ER. Does anyone know how this process is like and what to expect?...
2
Macquarie Group Limited ABN - Review - Equity ResearchGood work environment Great people Coverage at an early age Not terrible hours Opportunity to advance. Not large shop resources not very innovative stubborn management Smaller support staff No personal bloomberg...
0
2018 FT positions - What's the turnover of ER and FI desks?Hi guys, So I got a question about the desks in ER division. I see most ER programs at BB are rotational, just not really sure how it works. I mean from my understanding, not every desk hire newbie every year right? What if I had great interest in one specific desk but they have no opening this yea...
1
0
Attend Barclays After the Bell or Uni Career Fair?Hi everyone, I'm a junior at a semi-target and was recently invited to attend the Barclays After the Bell event. However, the event conflicts with my schools career fair. I'm wondering what you all think is more beneficial to attend for someone trying to break into Equity Research. In terms of what...
1
Cantor Fitzgerald - Review - Equity ResearchGreat Culture and people, would love to go back to the office. Great summer experience as an intern. . Not too many cons, coworkers were always reasonable, gave quality work and were flexible with me always....
+5
Biotech equity research possible with ZERO finance experience? Hi all, So I graduated a couple of years ago with a science background, have been in research 4+ yrs at a top institution (in a very competitive field) with a handful of publications (including first author). I have been interning this summer at a pharma consulting firm but am also interested in ex...
16
0
How do you forecast the income statement of a power generation/distribution company?As the title says, how do analysts usually go about it? The balance sheet might be a bit easier to forecast than the income statement so any information as to how to go about forecasting the income statement would be appreciated. ...
0
0
Equity Research Associate Interview - How Screwed Am I?On a scale of 1 to 10, how screwed am I for this inty? 28 days ago I applied to a couple positions (IB with a specific group and ER with a specific group) at one bank under their capital markets arm. I get a call Thursday saying that the capital markets arm would like to have me in for an interview...
3
+24
Ask an experienced senior analyst anythingSo I'm feeling a bit generous over the holidays. So have at it kids, ask away. Straight-dope answers will be provided....
86
+12
AMA- High Yield/Distressed Debt Sell Side Analyst2nd year analyst at a boutique broker-dealer from a non-target state school. Also a CFA Level 2 candidate, working under multiple sector analysts with decent exposure to Oil & gas, metals & mining, and retail. We publish mostly on high yield/distressed debt situations but also some special situation...
38
0
GS Retailing Conference Attendees Does anyone have a list of the names at Goldman retail conference this past week? Can't find on terminal. ...
0
+1
Career in ER - still worth it?I am wondering if a career in ER (sell-side) is still worth it? Especially in London/Europe. As far as I know it's becoming less important (less budget) and MiFID II is hitting it pretty hard. What's your suggestion for a prospective graduate? Move my focus to IBD (or S&T) instead? Long term goal i...
12
0
Forecasting Dilution Impact of SBCHello everyone, I'm currently modelling a company thats issuing a ton of SBC, and I'd like to take it all into consideration for my 5-Year target price. I've used the treasury method to consider the dilution impact of all previously issued stock options, however this leaves me scratching my head fo...
0
0
Transitioning to ER from IRHey guys, longtime lurker and first time poster. I was wondering if anyone here has ever successfully transitioned from an Investor Relations role to a Research Associate role? If so did anyone do it networking with the sell-side analysts that cover your company? Or is this frowned upon in the ind...
5
0
Breakdown of time - ER AnalystHow much time does the average analyst spend researching vs. analyzing vs. dealing with clients. Are there any other primary duties that take up a large portion of an analyst's time?...
3
0
Calculating Enterprise Value from EBITDA and Revenue?I went for an interview recently, and I was given a case study where I had 4 years of historical EBITDA margins and revenue. Was asked to project revenue and EBITDA out 3 years, which was no problem. Then I was asked to guess a range of enterprise values for the company. I did not have any other in...
1
0
Modeling Apparel RetailersI am building a financial model for apparel retailers and are faced with the following challenge: How do I forecast growth rates in the current environment? At present, mall traffic is declining, online retailers like Amazon are aggressively moving into the space and in the case of many apparel ret...
0
+1
Regular Stock Pitches - HelpHey guys. So i have been tasked to pitch stocks every week from now on (in oral and written form, with 3 investments thesis and valuations, implying that I will be questioned thoroughly). While this might be the norm for most ppl here, I would just like to ask the general crowd on - Thought pro...
3
+1
Can you move from macro research to other departments?So I rejected an offer at a BB in its macro research department, for two reasons : 1) I believed that the experience in that department wouldn't allow me to move to other departments, although the managing director said she could send me to other departments (I doubted it) 2) I believed that if I...
2
0
GS: Equity Strategy InterviewHi all, I have an interview with GS in the Global Investment Research department, for an internship position in the Equity Strategy team. What are they going to ask me at the interview? Which topics should I study more (e.g. econometrics and statistics/macroeconomics/financial theory/valuation meth...
0
0
Baird ER SA 2018 Position - Montage Invitation Anyone know anything about this process or what the video interview consists of? Welcoming all thoughts in general, thank you in advance monkeys. ...
1
+2
CFA for Equity Research?Hello everyone. I am an undergrad (non-finance major) interested in equity research. I don't know much about equity research job and I am still in the process of learning about the job, and hopefully applying for an internship next summer. I have seen a lot of forums on WSO about the CFA exams. ...
30
0
Help with DuPont Analysis!Hello everyone, So I'm hoping that perhaps someone is familiar with this approach, as I've built a model for DuPont analysis and am having some problems with the numbers. I am using CFA reading material (Reading 41) to help build my ratios out from an operating model of a company. The strange thin...
12
0
Research vs Equity Sales offersHi guys, I've been thinking about this decision for quite a while and would love to hear some feedback. I'm fortunate enough to have received offers from both divisions in GS, but here's the dilemma. I am leaning towards research due to the exit ops but as many may know, GS has a program that requ...
2
Deloitte - Review - ResearchThe place is chill and the office looks nice. Their employment benefit is very good that we had catering service in good quality. . It appears to me that people in Deloitte are always in a competing state so the atmosphere is quite tense among the staff members. Different teams strictly remain as wo...
0
Where to go for help on a model?Hello, I am having a hard time creating a model for Core-Mark (NASDAQ: CORE). I got through most of it, but I can't seem to finish my debt schedule. I'm just looking for the right place to go with this. It's not for school/interviews or anything. It is strictly for learning. Thank you...
0
0
Primer or Initiation: Alternative Asset ManagementLooking for similar initiating coverage reports as this one: http://bbs.pinggu.org/a-1721182.html I think GS published one back in Aug 2015. Happy to trade other primers!...
0
0
Before start working as a sellside research associate covering financial stocks in AsiaHello guys I wanna ask for some advices from anyone who's familiar with this topic I'm gonna start my first full-time job as a research associate at a BB, covering China financial stocks. 1. I've read through the latest annual reports of banks and security firms on the coverage list, some research ...
0
+4
Equity research personal trading restrictions for immediate family members?I want to understand how typical industry personal trading restrictions for Equity Research Analysts (and associates) and their immediate family members work. Particularly in the case of immediate family members. Lets say that someone is an equity research associate covering a certain sector. I und...
8
+1
ER SA superday - stock pitch prepHi all, Have a BB research superday this week and am pitching a short. I have an IB superday the day before and therefore have limited time - is it a better use of my time to build out a DCF for my existing pitch (have solid qualitative reasoning, including Q2 results, already) or should I spend my...
8
+7
TMT Internet Industry Outlook ReportI have some great reports. TMT, Internet Industry reports by BBs. One report is on 2015 U.S. Consumer Internet Outlook 476 pager!...
83
0
Help a monkey out with some modeling basics Hello WSO, This will be my first WSO post and I will start by screaming for some help :). I have read a lot about equity research and now I want to put it in practice myself. With some help from the Martin Shkreli lessons (Legend) I made this: https://drive.google(dot)com/open?id=0By7ANhp6HBOvVGNr...
2

Pages